Telenor ASA (OTCMKTS:TELNY) Short Interest Update

Telenor ASA (OTCMKTS:TELNY) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 10,800 shares, a drop of 39.3% from the January 31st total of 17,800 shares. Based on an average daily volume of 39,200 shares, the short-interest ratio is currently 0.3 days.

Telenor ASA Trading Down 0.2 %

OTCMKTS:TELNY opened at $12.95 on Friday. Telenor ASA has a 52-week low of $10.55 and a 52-week high of $13.15. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.88. The stock has a fifty day simple moving average of $11.93 and a 200-day simple moving average of $12.06. The company has a market capitalization of $17.72 billion, a PE ratio of 9.96 and a beta of 0.59.

Telenor ASA (OTCMKTS:TELNY) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Telenor ASA had a net margin of 24.17% and a return on equity of 16.15%. On average, equities research analysts expect that Telenor ASA will post 0.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TELNY has been the topic of several recent research reports. Barclays cut Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Sanford C. Bernstein upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 23rd.

About Telenor ASA

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. It operates through four segments: Nordics, Asia, Infrastructure, and Amp. The company offers mobile subscriptions and handsets, telephony, broadband, data security, communications services, and TV services to residential and business customers, as well as wholesale services.